07/10/2013
TITLE OF THE PRESENTATION
Speaker
Position
TITRE
Rules for (capacity) trading
Markus Backes
Co-Chair ACER CAM Task Force
24th Madrid Forum 15-16 October 2013
Starting Point: Gas Regulation 715/2009
•
Art. 8 (6) (h) Gas Regulation 715/2009 calls for:rules for trading related to technical and
operational provision of network access services and system balancing
More hints to capacity focus:
Recital 29: Rules for trading of primary capacity rights as impor- tant part of developing a competitive market & creating liquidity Art 1 (2): facilitation of capacity trading
Capacity Capacity &
Commodity
Task from EC
•
EC decision on the establishment of the annual priority list includes:FG on Rules for Trading related to technical and operational provision of network access services and system balancing (FG RfT)
•
ACER to identify whether binding EU rules for the further harmonization of the design of capacity products and contracts as regards:•
firmness•
restrictions to allocation, or•
secondary marketare needed, taking into account CMP, CAM, BAL
Goal: Full Entry/Exit System
Reality: Different E/E systems designs
Preliminary Scope – E/E systems
•
Different countries have different entry-exitsystems regarding design and size (KEMA Study)
•
TSOs offer capacity products on the basis of different entry-exit systems•
No definition of „entry-exit“ system results in„capacity“ becoming a kind of homonym
Preliminary Scope – E/E systems
Size of Entry- Exit zone
large
small
Firmness /amount of
capacity product low high
cost
Firmness
& volume / size of E-E zone cost
cost
benefit
low high
Preliminary Scope
•
Trade off between size of entry-exit system(market size), liquidity and firmness/volume of firm products
•
Other potential elements•
Secondary markets?•
Cancellation rights?•
Notifications, billing and payments?•
Trading licenses?•
...?•
Identification of concrete problem(s) to beNext steps
•
ACER CAM Task Force will work out preliminary scoping•
Establishment of „Expert Group“ to provide input to scoping•
Stakeholder round-table discussions•
Q1/2014: Public consultation on FG scoping paper•
Potentially: start drafting FG on RfTQ4/2013 – Q1/2014:
Scoping Phase
Decision on need for FG/NC on Rules for (Capacity) Trading
Expected Result:
Q2–Q3/2014
